Hold Mahanagar Gas; target of Rs 1000: ICICI Direct
ICICI Direct's research report on Mahanagar Gas
Mahanagar Gas (MGL) is a city gas distribution company and operates in Mumbai, its adjoining areas and Raigad district, Maharashtra. CNG sales contribute more than 70% of its total sales volume • It has historically reported high gross margins and return ratios.
We retain our HOLD rating on the stock. We value MGL at Rs 1000 i.e. ~12.5x P/E on FY24E EPS.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Mahanagar Gas - 16 -11-2022 - icici